Back in early 2016 I told myself that if BTC dropped below $200 I would buy one. The lowest I saw was $203. When it went meteor a few years later, I felt Fold remorse. Perhaps it is sour grapes, but every time I walk by the BTC machine at my corner store, I relish in seeing how low it has gone, though still well higher than $200. :/
More on topic, the only action the corner store BTC machine gets, apart from drug addicts, is scams. That I can attest to, twice some tech ignorant soul has walked in, dumped their savings, then asked the cashier for a receipt.
Unless crypto currency can be inoculated from speculation (impossible IMO) it will be some time, if ever, before it becomes a viable mechanism for general economic exchange.
It's a vending machine for exchanging BTC and local currency. Depending on the type it may be linked to an account at an exchange or else rely on scanning QR codes for the receiving address (either the users or the machine's). Some only sell BTC, while others support both buying and selling.
I imagine that this was one of the models that was linked to an exchange account, since the QR-based versions make it fairly obvious where the funds are going and won't work unless you first set up a receiving account and present the QR code for the machine to scan.
More on topic, the only action the corner store BTC machine gets, apart from drug addicts, is scams. That I can attest to, twice some tech ignorant soul has walked in, dumped their savings, then asked the cashier for a receipt.
Unless crypto currency can be inoculated from speculation (impossible IMO) it will be some time, if ever, before it becomes a viable mechanism for general economic exchange.